Veralto Corporation stock research
FY2024 Q2
Veralto (VLTO) Gross Margin — Quarter Ended Jun 28, 2024
Revenue and gross profit both increased compared with the prior quarter, while cost of revenue rose less than proportionally, resulting in a slightly improved gross margin. Compared with the same quarter one year earlier, revenue was stable, gross profit was higher, cost of revenue was lower, and gross margin strengthened.
Gross margin takeaway
Quarter ended Jun 28, 2024 · FY2024 Q2
Revenue and gross profit both increased compared with the prior quarter, while cost of revenue rose less than proportionally, resulting in a slightly improved gross margin. Compared with the same quarter one year earlier, revenue was stable, gross profit was higher, cost of revenue was lower, and gross margin strengthened.
- The gross margin improved relative to both the prior quarter and the year-ago quarter, driven by a combination of higher revenue and a slower increase in cost of revenue versus the prior quarter, and lower cost of revenue alongside steady revenue versus the year-ago period.
- Relative to the prior quarter, revenue and gross profit were higher, cost of revenue was higher, and gross margin strengthened slightly. Compared with the same quarter one year earlier, revenue was broadly stable, gross profit was higher, cost of revenue was lower, and gross margin improved.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
60.1%
Gross profit
$774.0M
Revenue
$1.3B
Cost of revenue
$514.0M
Quarter-over-quarter change
+0.1 pts
Year-over-year change
+2.3 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Sep 29, 2023 | $1.3B | $723.0M | $532.0M | 57.6% |
| Dec 31, 2023 | $1.3B | $746.0M | $542.0M | 57.9% |
| Mar 29, 2024 | $1.2B | $747.0M | $499.0M | 60.0% |
| Jun 28, 2024 | $1.3B | $774.0M | $514.0M | 60.1% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 29, 2024
+0.1 pts
Year-over-year change
Jun 30, 2023
+2.3 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The gross margin improved relative to both the prior quarter and the year-ago quarter, driven by a combination of higher revenue and a slower increase in cost of revenue versus the prior quarter, and lower cost of revenue alongside steady revenue versus the year-ago period.
Relative to the prior quarter, revenue and gross profit were higher, cost of revenue was higher, and gross margin strengthened slightly. Compared with the same quarter one year earlier, revenue was broadly stable, gross profit was higher, cost of revenue was lower, and gross margin improved.
Monitor whether cost of revenue continues to decline year over year while revenue remains stable, as this trend directly supports gross margin expansion.